Buy IRS by Nov 24, 2026.

IRSA trades at 0.79x book value, meaning the market values Argentina's dominant landlord below the actual accounting value of its real estate. There's a reason for that, and it's not subtle. They're Argentina's largest real estate company, 17 shopping malls, premium office buildings, luxury hotels under the Intercontinental, Libertador, and Llao Llao names. Been operating since 1943, dominant commercial landlord in the country, portfolio quality that would command a much higher multiple almost anywhere else in the world. Operating numbers …